The carnage in oil stocks is incredible. Small cap shares tracked by the Russell 2000 Energy Index (93 companies) have plunged 34% in three months. Since June 26, these shares have plummeted 24% or about 6% per week. For a year, these shares are off...
The narrative about the narrowness of the market is rising. As noted many times, I began observing this narrowness about 15-18 months ago and started to discuss it at length about 10 months ago. Monday’s WSJ had a great article stating half of...
Will this week be of significance? Wednesday is a Fed meeting and Friday is the initial release of second quarter GDP, statistics that I am certain the Committee will have before its meeting....
When I came into the industry about 30 years ago I unknowingly cold called a legendary icon. The gentleman politely interrupted me partially through the presentation and gave me some unsolicited advice, advice that I believe is more poignant today than in years’ past....
Oil is around three month lows. Oil stocks, according to Bloomberg are the worst performing shares in the world. While I do not know whether or not this is an accurate statement, being long oil it certainly feels like they are indeed the worst performing...
As expected, FRB Chair Yellen’s remarks were a market nonevent. Her comments were widely as expected and similar to those made last week reiterating the Central Bank’s intentions to raise interest rates sometime this year, emphasizing the timing of the first rate rise is less...
Stocks advanced after an unexpected drop in retail sales damped expectations of a rise in interest rates in the immediate future. FRB Chair Yellen testifies today to Congress about the health of the economy and monetary policy. In past statements, Yellen is expecting strength in...
Yesterday Bloomberg reported 2015 has had more down days in the S & P 500 than any year at since 2002. Moreover the declines have gotten longer and the rebounds smaller, the smallest “post dip” bounce in at least three years....
The noise and volatility is incredible, volatility I believe that is enhanced by technology based trading. The future is always uncertain but in some regards many believe today’s uncertainty is more pronounced than years’ past....
Stocks ended nominally higher after Wednesday’s drubbing closing on the pivotal and technically important 200 day moving average line of the S & P 500. As noted many times, the markets are overly influenced by technology based trading; trading that places great emphasis upon this...